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on your wallet? >> also we're learning new details about secretary of state hillary clinton's blood clot in her head. we'll have the latest on her treatment. and her prognosis. >>> happy new year. >> happy new year. >> good morning, welcome to "early start" everyone. i'm john berman. >> i'm ali velshi. >> and i'm christine romans. zoraida is off today. it is 6:00 a.m. right now on the nose. well 20 seconds away. >> and breaking news. can you feel it? we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most impo
and trust. splenda makes the moment yours. >>> it's very good breaking news. hillary clinton, the second of state of the united states has now left the hospital. we have the video to show you. her husband, the former president of the united states was there, bill clinton, and chelsea clinton, there you see the pictures coming in. you see hillary clinton in the sunglasses with chelsea. they walk the odd and got into the van, and former president clinton with a big smile, and he will get into the armored vehicle as well. bill and hillary clinton, they are all going home. you see the secretary's long-time aide is getting into the van as well. the secretary has been in the hospital now for about four days, as you know. in recent weeks she has been ill, she suffered a major stomach flu and was dehydrated, fell, fainted, and as a result she had a concussion and all of a sudden over the weekend she is -- there she is walking out with the sunglasses on and her doctors following. the secretary had a concussion, and then in the past few days we learned she had a blood clot in her head between her
blood clot. what could that mean for hillary clinton and her political future? i'm wolf blitzer. you're in "the situation room." right now we're following breaking news. all eyes are in the house of representatives where lawmakers are weighing the future of a bill that's now effectively a fiscal cliff fix. no vote has been scheduled on the bill that the senate passed in the middle of the night after steep tax cuts and spending cuts kicked in. speaker john boehner has been trying to overcome some seriously stiff republican opposition. our senior congressional correspondent dana bash is beginninging our coverage this hour. dana, what's the very latest as far as republicans in the house, the majority are concerned? >> reporter: the very latest, wolf, is that down this hallway is the house speaker's office. in that house right now are minutes of the house republican leadership having a discussion, what are they going to do? are they going to have a vote tonight and more importantly, are they going to try to put this senate-passed bill on the house floor with an amendment. it was very cle
, representative from the sixteenth district of illinois, donald manzullo. >> mr. speaker, secretary clinton, mrs. bush, distinguished guests, ladies and gentlemen, my family. i come before you today to humble the welcome a legendary human rights champion, aung san suu kyi, for a ceremony many of us never thought would happen. surely foreign affairs subcommittee asia pacific, up when my friend joe crowley worked to pass the gold medal in 2008, aung san suu kyi was serving her thirteenth year under house arrest incarcerated for exercising freedom of speech and daring to challenge a military and the. your presence here is nothing short of a miracle. patriots succeed because of miracles. the sound of freedom can never be silenced. is a testament to the incredible strength of your convictions and the depth of your aspirations for burma to achieve democracy. you have made the time to visit us during this momentous visit. aung san suu kyi is someone who needs no introduction because there are no words to adequately describe the sacrifice this woman has in toward for 15 years. we know the incredible sto
be taxed at 39.6 pnt. the top tax rate under president clinton. and capital gains taxes above those amounts would be increased to 20%, that is up from 15%. this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. >> just an hour later, senate minority leader mitch mcconnell signalled his agreement with the president. >> so i agree, let's pass the tax relief portion now. let's take what's been agreed to and get moving. we all want to protect tax pairs and we can get it done now. >> however, despite what sounds like good news, there will be no vote in the house tonight even in the house reaches a deal. in fact, the senate has adjourned until tomorrow. >> joining me no
. >> i'm going go with bill clinton. >> for one speech at a convention? >> it was more than one speech. it was 20 years in the making the story of that speech was for the first 15 years they treated bill clinton like he was the worst thing that ever happened in american politics, villain in chief and even after he left the white house he was afraid of the clinton restoration and 2008 when obama had the clintons when the republicans decided, wait a minute, no, bill clin clin to is this bygone symbol in america of cooperation and good government and moderation and sang his praises for four years. set him up as the good democrat against obama's bad democrat. what happened, the good democrat stole the show, vouches for the bad democrat and disarmed an awful lot of. ares are saying about president obama. >> chris hayes, the mvp of the campaign? >> the mvp of the obama campaign was rick per prip it was rick perry's entrance to the race that pushed mitt romney to take the tackically wise but strategically stupid step of going full out elegant. >> tackically wise for that moment. >> for that m
reality. the grew of age in politics in the clinton administration and watched pelosi and harry reid vote for tax increases under bill clinton that are the taxes we would go back to if we do nothing. at the same time, i watched nancy pelosi lead the charge against the bush tax cuts that ultimately now they want to keep 98% of. the truth is if we go over the cliff on a tax basis, we're only going back to the clinton era taxes. if we don't change spending, we're going to stay over the cliff. even if we go back to the clinton tax rates, the clinton tax rates, which is what the cliff is described as, you still have nearly half a trillion dollars a year, $5 trillion over ten years worth of deficit. that's because while we grew the -- under bush the taxes revenue went up 25%, and spending went up 100% in the last 12 years. if you put back the revenue from the higher taxes, you still have a deficit. that's what we're trying to change. >> we kind of are where we are, and no one is talking about spending cuts. they're talking about keeps taxes low, which everybody agrees. let me ask a specific que
national convention, former president bill clinton brought the house down. this was one of the greatest speeches ever, i think. let's listen to big bill at his best. >> are we better off than we were when he took office? listen to this. when president barack obama took office, the economy was in free fall, it had just shrunk to 9% gdp. we were losing 750,000 jobs are month. are we doing better than that today? the answer is yes. >> the whole dynamism. >> earlier this year, i wrote oh, who needs conventions. what are they for, anyway? they're for moments like that. i was on the floor for that moment. and it was one of the most memorable things i've seen live in a hall or anywhere. that was bill clinton at the summation of his career. that was everything he had learned about showmanship, about telling a story. and about how to make a case for the president. he made it so sitly, so clearly, so logically. you wonder why barack obama couldn't do it. and that's probably because the kind of case he had to make, somebody other than the president had to make. if the president himself says, you k
the office now of secretary clinton, that the doctor have discovered our secretary of state has a blood clot that had formed stemming from the concussion she sustained several weeks ago. she's being treated with anticoagulants and is at new york presbyterian hospital so that they can monitor the medication over the next 48 hours. thank you so much for being with us on fox report, sunday, december 30th, 2012, i'm harris falkner. >> hello and welcome to a special live sunday prime time edition of "the five", i'm dana perino and this is a fox news alert. you are looking live at the white house and capitol hill as the clock ticks down toward 2013. there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doo
congressional democrats. and the health crisis facing secretary of state hillary clinton. new details about her condition and how doctors are treating the blood clot that was found near her brain. and a. a young mom facing jail time on child abuse charges, ordered not to get pregnant for the next 13 years. is that legal? our panel weighs in. and a very rare new year's day session for the house. just hours after the senate passed its version of the fiscal cliff bill. >> house democratic leaders speaking now. let's listen in on what they have to say. >> gave us a thoughtful and detailed explanation of what's gone on and how it was that he and the president working with the democratic and republican leaders in both houses were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious. quite honestly so frank in his conversation with us in explaining as much as he could about what's transpired over the last several weeks. we now are waiting to hear from our republican colleagues whether or not they want to do what the senate did in a very b
we do, more about the blood clot that's causing secretary of state hillary clinton's hospitalization, also a live update on concerns and her condition next. >>> secretary of state hillary clinton remains in the hospital as doctors continue to treat a blood clot stemming from a concussion she suffered last month. joining us now with more is nbc's chief science and health correspondent, bob bozel. bob, thank you very much for being here. >> my pleasure, joy. >> can you give us an update on secretary clinton's condition? >> doing very well, responding perfectly to treatment, nbc's cameras captured a picture of bill clinton's car leaving the hospital. didn't see bill clinton in it, but it seems to indicate the family is continuing to visit regularly, which we've known all along. all the neurologists i've spoken to says the treatments for this very rare concussion, here we see what it is, it's a blockage in a vein that drains blood from the brain and takes it to the rest of the body. if that blockage isn't cleared away, it can back up and put liquid into the skull, which could cause a str
of the bush tax rates and they go back to the clinton rates. the government would be bringing in more revenue, but that's going to take some time. that's not going to happen immediately and it's a relatively small amount in terms of what the government is spending every single day. that money would be spent pretty quickly. so, again, because we're now at this point where this is just a short-term deal, any of the major entitlement reforms that would actually bring major spending cuts are sngsly off the table right now. so, to answer your question directly without pointing a finger at either party, report the facts, there's no major spending cuts here, so it would not have a major impact on the deficit even if they get a quote, unquote deal. >> ed, your last question, your favorite show to do on fox news. >> i'm going to get in trouble. i love "the five" i love bret and i love shep and chris wallace-- >> and public relations-- >> let's go to mike emanuel also in d.c. and following the dramatic on capitol hill. surely this is your favorite show on fox, your debut on "the five", mike emanuel. >>
people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that is why this country is going down like this. host: let me get your thoughts on president obama as a negotiator. what d
four brave americans. not one person has been found. hillary clinton has yet to testify, leon panetta has yet to testify and we know nothing about what the president did for seven hours during the attack on september 11th itself and they have made two movies about his leadership in the bin laden raid and they are stonewalling this. this is like pulling teeth. i'm getting very frustrated and quite frankly tired of this. >> secretary clinton said she'll of it. she's had a concussion. >> and that's true. she was sick. and she will of it. >> all right. secretary of defense pennetta didn't have a concussion so where is his testimony? let me ask you one other question. senator kerry has been nominated for secretary of state. he's the chairman of the senate foreign relations committee. so is he going to chair this when they do of it? >> i don't know. you asked me a good question, does he have a conflict of interest. people would second guess was he too tough, not tough enough. that's something john needs to think about, whether or not to lead that hearing. but she'll of it and i want to know
on hillary clinton. about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. let's say you want to get ahead how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. >>> a potentially dangerous blood clot has forced secretary of state hillary clinton to spend another night in a new york city hospital. tonight doctors are treating her with blood thinners. the clot was found during a follow-up mri after the secretary of state suffered a concussion last month. doctors say the clot is locate
come back, an update on hillary clinton. >>> a potentially dangerous blood clot has forced secretary of state hillary clinton to spend another night in a new york city hospital. tonight doctors are treating her with blood thinners. the clot was found during a follow-up mri after the secretary of state suffered a concussion last month. doctors say the clot is located between the brain and the skull behind mrs. clinton's right ear. dr. david deaton is the chief of vascular surgery at georgetown hospital. this situation that she is in right now doctors are describing as fully curable. >> yes, i think that's right, ali. she has a clot as described in the transverse signus behind her right ear. this is similar to other clots in the venus system treated with anti-coagulants offered referred to as blood thinners and should resolve spontaneously on that therapy. >> it is unusual it taking this long to treat it, going on the third night in the hospital? >> usually it's related to regulating the medicine. the clot will resolve over many more days. it takes weeks. often anti-coagulant therapy i
going to 39.6% from 35. 39.6% is the clinton range. the tax rate back in president clinton's term in office. prevents the expansion of the alternative minimum tax. the amt. essentially patches it permanently, the amt. that had long been a an annual chore for congress. extends long-term unemployment benefits and deals with a number of other specifics including tax credits and sets the estate tax individually at $5 million and an additional in tare hans beyond that at 40 o percent. more details as well. for those we turn to chief congressional correspondent mike emanuel following all of this up on capitol hill. mike? >> bret, essentially what this came down to is after senate majority leader harry reid did not return a counter proposal to senate republican leader mitch mcconnell he got on the phone with vice president biden who is known for cutting deals and they worked through the night and senator mcconnell told colleagues he thought he had a deal with the vice president on the whole tax issue and then at the last minute the white house threw in the idea of putting off these autom
the government, bush increase the government, clinton increased the government, obama increased the government. we have more -- host: what you think will happen in the house? caller: they need to not go on holiday. they need to take the measure. and when can at the american public participate in this process? we cannot. they give us one day to read the bill. there is no way that our people can participate in the process. we want to talk about increases in revenue. i understand that, but you have to have some kind of comeback and i do not been there needs to be some increase in spending. our defense spending is outrageous. our foreign aid to countries is outrageous. we prop up dictators. we are allies with al qaeda what we want to beat the soviet union, but then enemies with them when we want to be in afghanistan. it does have to do with entitlements, but also big government is working with big corporations prepare until the republicans want to get over the industrial military complex and democrats want to -- host: if you are interested in following along on this debate, there are several links
because congress is tired of giving money. when we come back, an update on hillary clinton. where is flo? anybody know where flo is? are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a lot. yo, buddy! i got this. gimme one, gimme one, gimme one! the power of the "name your price" tool. only from progressive. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. [heart beating] [heartbeat continues] [heartbeat, music playing louder] ♪ i'm feeling better since you
. >> and all that matters. >> hillary clinton plans to go back to work just in time for the new year. >> two reather than get angry and you show it you live a lot longer. >> he gives a speech about hitting the debt ceiling! i'd like to see if he could even count to 1 million much less 16.4 trillion! captioning funded by cbs >> it's friday welcome to "cbs this morning," everyone. i'm jeff glor with rebecca jar sis. charlie, gayle and norah are off. there are predictions but little progress in washington with a deadline for the fiscal cliff now just four days away. >> president obama meets later today with congressional leaders in one last effort to make a deal before the deadline. major garrett is at the white house. good morning. >> reporter: good morning, rebecca and jeff. in just a couple of hours at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in
.6%. that is the rate from when bill clinton was president. couples making $300,000 or more, they're going to have the cap on itemized deductions. benefits for the long term unemployed, those will be extended. and the most criticized point, the senate plan, will delay the sequester, that's right, those big automatic spending cuts and taxes by two months. but over that same time period, the plan allows for $12 billion to be cut from government programs. senior congressional correspondent dana bash is on capitol hill and, dana, does it even look like the house will vote today? because that's kind of crucial. >> it is a big open question, deb. i can tell you the reason why i'm standing in front of a -- maybe not so pretty white wall is because i'm down the hall from where republicans are meeting as we speak. house republicans. and you can hear at different times some clapping and different times other -- maybe not so happy noises coming from inside the meeting, but they are discussing the way forward. and what we're hearing from sources, again, this meeting is going on what we're hearing from sources
. awful people in the clinton administration. that is true. agreed. greed is good. hollywood movies are about greed. oliver stone tried to warn against it. instead, wall street bankers were imitating gecko, like war movies that create warmongers. at the same time, you had another explanation which had to do with the way in which the finance tapped into a competing power. -- into computing power to create complex derivatives. all that is true. but what is underlying this and the crisis and the reason why the world economy fails to recover is that this surplus recycling mechanism -- this weird, wonderful, audacious surplus recycling mechanism from 1971 which poker helped put together as the chairman of the fed -- which paul volcker helped put together is the chairman of the fed in the late 1970 fell and 1980's, it broke down. in 2008, when lehman brothers broke down, and the others followed and had to be bailed out by you, what happened was the united states of america lost its capacity to utilize its trade deficit in order to recycle other people's problems. -- profits. if you look a
jfk. back in the early 1960's. and he got a huge amount of protest. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's why this one is sunsetting, rather than having done a, you know, a long-term tax reform bill. and tax reform is very difficult. >> why can't we get sunsetting on spending, and no sunsetting on tax cuts. we shouldn't be, that's what we should be sunsetting are the spending bills. we should be talking about wind energy that needs to be sunsetted, soon. you bring up the side of the cliff that no one talks about. the sequester, the automatic spending reduction, i don't think it would be a bad thing if washington took the sequester and showed that they could cut spending. >> because
with the threshold of $450,000 we will basically have all of the rates go back to the clinton levels and you lose the bush rates. and then they he could come back in three, four, five days and try to change the threshold and just have it $250,000 and above taxes go up. i'm not saying they will succeed in that but that is a possibility out there because another big thing that is happening in a few days is that senate democrats pick up more seats in the new congress. they picked up seats in the last election in the senate and the same thing in the the house so speaker boehner's hand will be weakened a little bit more in the days ahead because democrats have more seats in the house and same deal on the senate. that is why it is so pivotal now. the midnight deadline is almost a little bit artificial. they will vote at some point if they can get if. the bottom line is they have to make sure they get this signed off on. if it languishes a few days some on the democratic side will say why are we giving in on the tax issue and x and y we might get a better deal if we let this play out. they want to make
. >>> next week secretary of state hillary clinton is going back to work at the state department after a three-week hiatus. you may recall she has been recovering from a concussion she suffered when she fainted while fighting a stomach virus. a spokesman says clinton is look forward to resuming her schedule. on that schedule, testifying before congress about the deadly attacks on a u.s. consulate in libya this past september. >>> russia is work on talks to end a 21-month-old conflict in syria. the syrian government is ready to talk with its opponents. now russian's foreign minister is calling on syria to make good on the offer. they are working with egyptian diplomats. russia expects to meet a senior american diplomat next month on the issue. >>> "stormin' norman has died. retired general norman schwartzkopf died of complications from pneumonia. he spent his entire life in the military. in vietnam, he rescued a wounded soldier by marking land mines with shaving cream. he later commanded the american- led coalition in the first iraq war. schwartzkopf was 78. >>> 5:37 now. police say a p
with income below $450,000. all income above those levels would be taxed at a clinton era top tax rate of 39.6%. and capital gains taxes above those amounts would also be increased up to 20% up from 15%. the deal is also said to include a permanent fix for the alternative minimum tax, and extends unemployment insurance for another year for two million americans. >>> there is some grumbling about the proposed deal from labor. in the last hour, richard trumka of the afl-cio tweeted the following -- we can't set the stage for further destabilizing hostage-taking from -- in the form of another debt ceiling crisis and another sequester crisis. joining me now from capitol hill by phone is nbc's kelly o'donnell. kelly, tell what's the latest is that you're hearing on this deal. >> this is a major breaking development, milissa. we have learned from multiple sources who have been directly involved in negotiations that they have reach and agreement in principle between the white house and senate leaders. of course, this will still need to be voted on by members in both the senate and house. but this i
haven't seen that in 30 years. we go back to paying the taxes when bill clinton was president of the united states and the economy was a hell of a lot better when bill clinton was president than it is today. i don't think the fiscal cliff is all that bad a deal looking at it from the point of view of a progressive democrat. it's not perfect, but i worry about ceos that are funding fix the debt because, you know, they got us into this in the first place. i don't have a lot of faith in their ability to get us out. one more thing, you know, if there's a deal between the democrats and the republicans, i guarantee you the democrats and the republicans will make out just fine. i'm not so sure about the american people. >> governor rendell -- thanks governor dean for that one. i want to pick up on something you said about kicking the can down the roads. one of the things that had been an issue had been taking the debt ceiling conversation off the table. republicans want to keep it as a point of leverage. it sounds like it's not going to be part of whatever gets negotiated. doesn't th
original. norman schwarzkopf was 78. >>> secretary of state hillary clinton will be back in the office next week. clinton has been recuperating at home from a stomach flu and a concussion suffered when she fainted and fell. her doctors have told her not to travel overseas for the next few weeks. but she is expected to testify before congress on the september attack on the u.s. consulate in benghazi, libya. >>> put the harps back in the closet. that's the word from former president george h.w. bush's chief of staff. she says the condition of the 88-year-old former president is not dire. his family is expressing confidence that he will soon be released from an intensive care unit. he's been treated for a high fever at a houston hospital. >>> with the nation reeling from the tragedy in newtown, connecticut, and engaged in a national debate on gun control, chicago reaches a deadly milestone despite the toughest laws when it comes to owning firearms. >>> federal investigators arrested a new york city woman, they say she used the school's shooting in newtown as a way to make money. time for citi
the house, the deal in question includes a return to the clinton era tax rates for families making more than four hundred $50,000 and individuals making more than $400,000. joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from reporters in the halls of the capital. the political wire says democratic leaders say they will not take up a bill if it is amended by house republicans. "we are done. " a retweet from joe biden says "i think we are going to be fine." a number of different views and issues depending on which party is talking about the fiscal clef. we are going to, of course, keep you updated on the c-span network. in the meantime, take a look back a
slipped in a prison hospital bathroom earlier this month. >>> secretary of state hillary clinton sidelined no more. her spokesman says she will be back at work next week after spending the past three weeks fighting off what the state department said was a stomach flu and a concussion brought on by a fainting spell. doctors have grounded her from overseas travel for a few more weeks. her return means she may soon testify before congress about that attack on the u.s. diplomatic office in bengahzi. >>> hopefully bart, the hound dog, won't be sniffing around lake erie any more this winter. he slipped through the ice and his front paws were the only thing that kept him through the surface. his owner tried to help him, but he slipped through, too. >> i was talking to him. trying to keep him warm, rub him. get flood flowing through his body. i kind of looked at it like what if it was my dog? >> they spent about 90 minutes in the frigid water before rescuers arrived. bart was cold but otherwise okay. >>> america watched as paul mccartney, bon jovi and bruce springsteen took the stage to raise mone
. but they're only going to go back to the bill clinton days. and anybody who remembers the bill clinton days and the bill clinton clinton know that is those taxes were not onerous. they didn't stop the economy from doing quite well. now, on the spending side, the president's proposing really no spending cuts until there is a grand bargain hopefully in january. but without any kind of a bargain at all before then, assuming we do go over the fiscal cliff, then there are going to be substantial cuts in military, contracting -- krirlt contract military contractors are going to feel it almost immediately. and the discretionary spending. that's everything the country does other than the military or social security or medicare. >> so i just want to get one thing straight about the tax rates. that is that the treasury department, if it senses that, yeah, they're going to get a deal here fairly quickly, could say -- can direct how much withholding employers have to take out of paychecks? is that correct? >> yes, that's right, candy. the irs, they're part of the treasury department, they do have autho
christopher, 20 years ago under bill clinton. that doesn't wash. it had nothing to do with her gender, and it had nothing to do with her race. it had to do with as to whether or not she could survive a senate confirmation process because of answers that she gave like that. the quote that quite possibly got the most replays over the past year came from one of the president's campaign stops over the summer. >> if you have a business, you didn't build that. somebody else made that happen. >> that's what it was, somebody else made that p that. i notice everywhere he went after he made that comment some small business owner would come up to me and the comment would be "i want you to know. i did build it." in fact that comment sparked outrage from small business owners all over the nation. including this message from a gentleman i met in georgia, a lumber yard owner. he put it pretty bluntly. he said this, "i built this business without government help, and you can kiss my -- well you get the picture here what ray was saying. it is pretty evident that that uh febded a lot of -- that offende
president in a way that a clinton or a nixon was not. regan changed the nature of the country and got it hooked on low taxes, less government and increase in inequality as obama sees it. he sees his historic role to undo reganism not to cut spending, it is to raise taxes. he let the cat out of the bag monday. in the little rally he held he said to republicans you are not getting any spending cuts today and you know that. he said if you think you can get spending cuts after this in the rest of the negotiations the answer is no. if you want to cut in spending you have to increase taxes on the rich. remember he got an increase in revenues now by raising the rates on the rich. well, now he is going to return as he said on monday and get increased revenue from the rich by eliminating deductions. the other way to do it. so he has no interest in anything other than raising the taxation to preregan levels so he can support the entitlement stake which is what his presidency is all about. a very long view and i think he is attacking it exactly the right way if you were of his ideology. >> bret:
.5. the president will get 39.6%. this takes us to the old rates under the clinton administration and they are permanent and it will take a big move by the congress to move us off that rate in the future this is a big -- a big win for the white house, $600 billion in revenue with no spending cuts and we go to round two as the calendar takes us to the next phase of all of this. i think it's a big win for the white house, something the republicans know they have to take, know there has to be more revenue in the treasury and willing to fight for another day on spending cuts. >> i want to read this statement that came out from house speaker john boehner, majority leader eric cantor and kevin mccarty. kathy mcmorris rogers entereded this statement. the house will honor the statement to consider the senate agreement if it is passed. whether the house will rescind or properly amend the measure won't be met until they and the american people can review the legislation. >> what do you think the chance is with both parties not happy with the compromise reached. what do you think the chances
and afghanistan mentioned just now, here's a piece in the paper -- some other stories in the news, hillary clinton, secretary of state, we are seeing some updates on her condition and what is going on for her. we will look at that in just a moment to see how she is staring. but there's a piece by parker in the washington post, more of a conservative writer -- so that is in the washington post today. for the latest on how hillary clinton is doing, we will look at "usa today" story that says she's getting blood thinners for the blood clot. her doctors are expecting her to be released from hospital to make a full recovery. we are asking what you think about house passage of the fiscal cliff bill, 257-167. john is a republican in hot springs village, arkansas. caller: good morning and happy new year. basically, the way this is impacting the personally is the income tax increase for the wealthy, that does not affect me. the unemployment benefits extension, that does not affect me. the payroll tax going back up, which is it should go into their social security account in the first place, that does not a
, and president obama should be in and his entire staff, including hillary clinton. i do not know if you have noticed but nancy pelosi, her eyes are consistently dilated. host: thanks for your call. let's go to indiana. caller: i think it is unfortunate boehner wants to tax people making over $1 million. [indiscernbile] this is the result of 30 years of reaganomics, and the republican party has left people with less fiscal responsibility and they have not paid for the two wars, medicare part d, not to mention the tax cuts. host: how does it end? caller: if people did not wake up and try to do what is right for future generations at will and worse. the republican party will not compromise for anything. it is not the dwight eisenhower party that had the 93% tax rate. you put the money into the interstate highway system. even abraham lincoln created land grant universities, and that was not called socialism. it was called advancing the future. host: we appreciate the call. let's go to illinois, catherine on our line for republicans. caller: yeah, hi, this is catherine. i cannot have twitter, but
and lower middle class people. so, if everybody says let's go back to the clinton tax rates, that is the clinton tax rates. also, on more spending, the iraq war, we pulled the people out. on c-span about two months ago i turned it on a senate armed services committee. one not seen anybody report this. the state department sent in private contractors at a cost greater than if we would've had our troops in there. it is a fact right now, the figures don't lie, but liars figure. host: thanks for the call. guest: the president's proposal to roll back the bush tax rates for upper-income americans would raise probably about $100 billion a year. that includes higher tax rates on income earned over $250,000, higher estate taxes, and more. it's not going to solve our deficit problem, but it will have an impact. the question is, is that enough, too much, too little, when you combine it with spending cuts, to reduce the deficit to more stable level over the years? host: what we have seen in these negotiations between the principals, how does that portend in terms of what we will see in
it done. >>> secretary of state hillary clinton will be back to work next week after three weeks off after a concussion she suffered when she fainted fighting a stomach virus. she is looking forward to resume her schedule, including testifying before congress about the deadly attack on the u.s. consulate in libya last september. >>> retired general known as "stormin' norman" has passed away. norman schwartzkopf died of complications from pneumonia yesterday in his home in florida. he was raised in the army and spent his life in fact military of. while in vietnam he famously rescued a wounded soldier by marking land mines with shaving cream. of course later he commanded the american led coalition in the iraq war. schwartzkopf was 78. >>> time now 6:10. families torn apart before they even meet their children. the political issue causing russia to ban american adoptions. >> plus it happened again. a man is killed by being shoved on the new york city subway tracks. >> and a pooch stuck in the middle of an icy lake. who jumped into action in the nick of time. ,,,,,,,,,,,,,,,,,, named bart was
the clinton administration. >> we'll show people right now that you like homebuilders and you like retailers, right? put that up. heebner likes retail, home building, what's the third one? automobiles. >> all early-cycle stocks. i like these stocks because the economy is going to be -- has a multi-year period of growth ahead of us and the biggest driver is rising housing prices and increase in residential construction and apartments and single family. we have an increasing shortage of housing in this family and we cut the production of houses way below the household formation and the industry is going to -- the construction industry will grow and that's going to stimulate the economy because its multiplier affects it. the biggest single impediment has been the huge decline in housing prices for the last five years. >> this is the first time since 2006 -- 2012 would be the first time since 2006 that home prices actually rise from a year ago. so one little piece of good news tonight. guys, thanks so much for joining us. ken heebner and brian kelly, you can see him on fast money. >> the markets
in the country. do you think that's a good idea? >> i believe that was offered by former president bill clinton as the solution to violence also. those decisions though need to be made at the local level. i was a school board member for over 20 years too. that's something that local districts need to look at and look at their needs and how they're to take care of all the needs of those students whether it's safety or education. >> woodruff: the last thing, deb fischer, the folks who endorse you-- people like sarah palin, very conservative groups who believe that the federal government should play a very limited role, as limited a role as possible, in this country-- what does that mean to you? what should there be less of? (+* ++ +*) it's the 2013 hyundi >> well, i appreciated the support of governor palin who came in towards the end of the primary. i didn't have the suppo of clubs of growth. >> woodruff: my mistake. i thought you did. >> and i didn't have at a party support either. i do believe in limited government. i believe government has certain priorities, and elected officials need to dec
president bill clinton as the solution to violence also. those decisions though need to be made at the local level. i was a school board member for over 20 years too. that's something that local districts need to look at and look at their needs and how they're to take care of all the needs of those students whether it's safety or education. >> woodruff: the last thing, deb fischer, the folks who endorse you people like sarah palin, very conservative groups who believe that the federal government should play a very limited role, as limited a role as possible in this country. what does that mean to you? what should there be less of? >> well, i appreciated the support of governor palin who came in towards the end of the primary. i didn't have the support of clubs of growth. >> woodruff: my mistake. i thought you did. >> and i didn't have at a party support either. i do believe in limited government. i believe government has certain priorities and elected officials need to decide what those priorities are. you have to determine what the core responsibility of government is. i was a state senator
created new standard for air pollution from coal power plants on her watch. >>> hillary clinton won't be on the sidelines much longer. back at work next week after spending the past three fighting off what the state department says was the stomach flu and a concussion from when she fainted. doctors have grounded her from overseas travel for a few more weengz. her return means she may soon testify before congress on the attack in benghazi. >> lisa jackson, if republicans have their way in the fiscal cliff conversation, they get rid of the epa. they talk about the cannot of education, the department of agency and epa waste of money. >> cost too much, all about regulations. are you one of the few people employed to this organization who has been to north korea. >> twice. i hope to go back again soon. >>> just ahead, a warning to democrats from republicans, they will not write a blank check to solve the fiscal cliff. reaction from debbie snab now of michigan, next. >>> plus, the best selling river of "gone baby gone" and mystic river" has a new crime to solve. where is his dog? dennis l
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